#Bitmine再增持5.1万枚ETH Bitmine purchased 51k ETH on September 1, extending its strategy of buying ETH every week for 65 consecutive weeks. Its total holdings have now reached 51k ETH, accounting for 4.9% of Ethereum's total circulating supply and leaving only approximately 200k ETH to reach its publicly stated “5% holdings target.” This behavior shows that its continuous accumulation is still ongoing and has not stopped, with the pace of purchases uninterrupted by price fluctuations. In terms of funding, Bitmine obtains capital through multiple channels, including equity financing, discounted crypto purchases, perpetual preferred shares (BMNP), and staking yields, supporting its continued buying. Currently, 86% of its ETH holdings are staked, generating approximately $335 million in annualized staking yields and creating a dual-engine model of “accumulating coins + generating yield,” which enhances the financial feasibility of long-term holdings.

Impact on ETH's later price trend:
First, supply on the market continues to tighten. As the world's largest publicly listed Ethereum treasury company, Bitmine's long-term buying and staking activities reduce the amount of ETH in circulation and create structural buying pressure, especially as it approaches the 5% target, which could further increase market attention.
Second, institutional confidence is strengthening. Its uninterrupted buying discipline over 65 consecutive weeks, combined with Chairman Tom Lee's expectation that ETH will rise to $10k over the long term, sends a strong institutional-level bullish signal and could help attract more traditional capital to allocate to ETH.
Although it is nearing the 5% target, Bitmine has made clear that selling coins is not an option. It may continue increasing its holdings in the future or approach the target through natural growth from staking.
Therefore, its continued accumulation is likely to continue supporting ETH prices in the short term. In particular, if macro sentiment improves or regulatory developments such as the Clarity Act provide a catalyst, it could become an important force driving ETH through key resistance levels. $ETH ‌